2000 is deposited into a newly opened fund on january 1, Financial Management

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2000 is deposited into a newly opened fund on january 1

2000 is deposited into a newly opened fund on January 1, 1999. Another deposit is made into the fund on July, 1 1999. On January 1, 2000, the balance in the fund is 6000. The time-weighted rate of return in 1999 is 8.0% and the dollar-weighted rate of return is 4.8%. Calculate the balance of the fund on July 1, 1999, immediately before the deposit is made.

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Financial Management: 2000 is deposited into a newly opened fund on january 1

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